NYSEAMERICAN : FLYX
flyExclusive, Inc. — Financial statements
Industrials · Airlines · United States
Last price 1.21 USD (Oct 30, 2026, 9:40 AM EDT) · Market cap 123.52M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
flyExclusive, Inc. (FLYX) reported revenue of 403.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 403.89M | 375.88M | 327.27M | 315.36M | 320.04M | 208.28M |
| Cost of Revenue | 330.89M | 319.62M | 290.21M | 264.18M | 255.44M | 159.24M |
| Gross Profit | 73.01M | 56.25M | 37.06M | 51.19M | 64.60M | 49.04M |
| Selling, General & Admin | 86.29M | 82.59M | 91.34M | 75.43M | 53.79M | 34.39M |
| Operating Expenses | 108.49M | 106.17M | 117.05M | 102.41M | 76.91M | 51.74M |
| Operating Income | -35.48M | -49.92M | -79.98M | -51.23M | -12.31M | -2.70M |
| Interest Expense | -22.53M | -21.39M | -21.18M | -22.22M | -8.29M | -4.22M |
| Interest & Investment Income | 645.00K | 1.37M | 4.31M | 4.63M | 782.00K | |
| Other Non Operating Income (Expenses) | 4.76M | 4.33M | -1.88M | -14.77M | 588.00K | 296.00K |
| EBT Excluding Unusual Items | -52.62M | -65.62M | -98.73M | -83.59M | -19.23M | -6.63M |
| Gain (Loss) on Sale of Investments | 13.00K | -284.00K | -59.00K | -238.00K | -400.00K | 11.00K |
| Gain (Loss) on Sale of Assets | -30.00K | 2.69M | -2.79M | 13.90M | 15.48M | -2.30M |
| Other Unusual Items | -45.00K | -3.86M | 133.00K | 15.18M | 11.15M | |
| Pretax Income | -52.68M | -67.08M | -101.45M | -54.74M | -4.15M | 2.24M |
| Income Tax Expense | 97.00K | 37.00K | 41.00K | |||
| Earnings From Continuing Operations | -52.77M | -67.11M | -101.50M | -54.74M | -4.15M | 2.24M |
| Minority Interest in Earnings | 31.52M | 49.52M | 80.42M | 7.90M | 10.20M | 5.84M |
| Net Income | -21.26M | -17.59M | -21.07M | -46.84M | 6.05M | 8.09M |
| Preferred Dividends & Other Adjustments | 8.36M | 9.97M | 4.49M | |||
| Net Income to Common | -29.61M | -27.56M | -25.57M | -46.84M | 6.05M | 8.09M |
| Shares Outstanding (Basic) | 39.01M | 27.24M | 23.81M | 16.65M | ||
| Shares Outstanding (Diluted) | 39.01M | 27.24M | 23.81M | 16.65M | ||
| EPS (Basic) | -0.76 | -1.01 | -1.07 | -2.81 | ||
| EPS (Diluted) | -0.76 | -1.01 | -1.07 | -2.81 | ||
| Free Cash Flow | -57.41M | -50.20M | -92.10M | -95.76M | -121.44M | -21.43M |
| Free Cash Flow Per Share | -1.47 | -1.84 | -3.87 | -5.75 | ||
| Gross Margin | 18.08% | 14.97% | 11.32% | 16.23% | 20.18% | 23.54% |
| Operating Margin | -8.79% | -13.28% | -24.44% | -16.24% | -3.84% | -1.30% |
| Profit Margin | -7.33% | -7.33% | -7.81% | -14.85% | 1.89% | 3.88% |
| Free Cash Flow Margin | -14.21% | -13.36% | -28.14% | -30.37% | -37.94% | -10.29% |
| EBITDA | -13.28M | -26.33M | -54.27M | -25.25M | 10.81M | 14.65M |
| EBITDA Margin | -3.29% | -7.01% | -16.58% | -8.01% | 3.38% | 7.03% |
| D&A For EBITDA | 22.20M | 23.59M | 25.71M | 25.98M | 23.11M | 17.35M |
| EBIT | -35.48M | -49.92M | -79.98M | -51.23M | -12.31M | -2.70M |
| EBIT Margin | -8.79% | -13.28% | -24.44% | -16.24% | -3.84% | -1.30% |
| Advertising Expenses | 3.67M | 8.71M | 6.01M | 3.24M | 1.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.24M | 29.34M | 31.69M | 11.63M | 23.18M | 21.13M |
| Short-Term Investments | 65.54M | 71.23M | 69.45M | 10.36M | ||
| Cash & Short-Term Investments | 14.24M | 29.34M | 97.23M | 82.86M | 92.63M | 31.49M |
| Accounts Receivable | 6.83M | 6.51M | 5.00M | 3.34M | 17.38M | 3.20M |
| Other Receivables | 6.38M | 5.92M | 7.14M | 4.16M | 3.99M | 5.31M |
| Receivables | 13.21M | 12.43M | 12.13M | 7.80M | 21.63M | 8.77M |
| Inventory | 6.50M | 5.07M | 5.66M | 5.14M | 5.87M | 1.98M |
| Prepaid Expenses | 28.15M | 22.88M | 20.23M | 20.18M | 9.05M | 5.53M |
| Other Current Assets | 1.40M | 4.66M | 8.71M | 812.00K | 2.58M | 592.00K |
| Total Current Assets | 63.49M | 74.37M | 143.97M | 116.79M | 131.76M | 48.36M |
| Property, Plant & Equipment | 313.23M | 309.09M | 330.36M | 314.70M | 274.01M | 205.08M |
| Other Intangible Assets | 2.23M | 2.43M | 2.69M | |||
| Long-Term Deferred Charges | 1.57M | 1.42M | 965.00K | 631.00K | 484.00K | |
| Other Long-Term Assets | 54.01M | 47.38M | 59.30M | 65.49M | 80.67M | 45.42M |
| Total Assets | 439.38M | 440.00M | 538.29M | 521.03M | 494.22M | 306.66M |
| Accounts Payable | 40.44M | 30.67M | 20.30M | 30.17M | 21.83M | 18.05M |
| Accrued Expenses | 22.92M | 25.36M | 20.92M | 18.26M | 12.21M | 5.33M |
| Short-Term Debt | 6.92M | 8.54M | 5.96M | 33.34M | 3.70M | 5.10M |
| Current Portion of Long-Term Debt | 43.83M | 38.95M | 91.56M | 26.47M | 23.58M | 20.42M |
| Current Portion of Leases | 21.54M | 19.38M | 16.90M | 17.91M | 9.78M | 9.64M |
| Current Income Taxes Payable | 1.16M | 1.43M | 1.07M | 746.00K | 526.00K | 262.00K |
| Current Unearned Revenue | 131.42M | 135.89M | 128.91M | 83.91M | 58.02M | 32.36M |
| Other Current Liabilities | 9.84M | 9.73M | 9.14M | 10.73M | 9.04M | 3.36M |
| Total Current Liabilities | 278.06M | 269.95M | 294.75M | 221.54M | 138.69M | 94.52M |
| Long-Term Debt | 70.84M | 80.25M | 140.92M | 166.82M | 222.66M | 102.67M |
| Long-Term Leases | 86.65M | 96.05M | 60.32M | 68.10M | 40.73M | 34.34M |
| Long-Term Unearned Revenue | 28.43M | 26.43M | 20.61M | 10.03M | 2.58M | 438.00K |
| Other Long-Term Liabilities | 58.75M | 51.58M | 33.36M | 19.22M | 42.13M | 25.00M |
| Total Liabilities | 522.72M | 524.27M | 549.96M | 485.70M | 446.80M | 256.97M |
| Common Stock | 10.00K | 9.00K | 8.00K | 8.00K | -4.64M | -11.74M |
| Additional Paid-In Capital | 236.94M | 113.62M | 126.98M | |||
| Retained Earnings | -456.98M | -440.38M | -233.44M | -80.46M | ||
| Comprehensive Income & Other | -56.00K | -69.00K | -476.00K | 22.00K | ||
| Total Common Equity | -220.04M | -326.75M | -233.49M | 46.46M | -5.12M | -11.71M |
| Minority Interest | 106.02M | 214.52M | 182.94M | -11.13M | 52.53M | 61.40M |
| Shareholders' Equity | -83.34M | -84.27M | -11.67M | 35.33M | 47.42M | 49.69M |
| Total Liabilities & Equity | 439.38M | 440.00M | 538.29M | 521.03M | 494.22M | 306.66M |
| Total Debt | 229.76M | 243.17M | 315.66M | 312.63M | 300.46M | 172.18M |
| Net Cash (Debt) | -215.53M | -213.83M | -218.43M | -229.78M | -207.83M | -140.69M |
| Net Cash Per Share | -5.52 | -7.85 | -9.17 | -13.80 | ||
| Filing Date Shares Outstanding | 52.15M | 44.42M | 20.20M | 17.89M | ||
| Total Common Shares Outstanding | 46.47M | 31.18M | 18.20M | 16.65M | ||
| Working Capital | -214.56M | -195.58M | -150.78M | -104.74M | -6.93M | -46.16M |
| Book Value Per Share | -4.73 | -10.48 | -12.83 | 2.79 | ||
| Tangible Book Value | -220.04M | -326.75M | -233.49M | 44.23M | -7.55M | -14.40M |
| Tangible Book Value Per Share | -4.73 | -10.48 | -12.83 | 2.66 | ||
| Machinery | 314.12M | 313.09M | 332.63M | 314.71M | 297.44M | 216.12M |
| Construction In Progress | 1.34M | 236.00K | 236.00K | 147.00K | 447.00K | 285.00K |
| Leasehold Improvements | 2.60M | 2.42M | 2.33M | 2.31M | 137.00K | 137.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -21.26M | -17.59M | -21.07M | -46.84M | 6.05M | 8.09M |
| Depreciation & Amortization | 22.20M | 23.59M | 25.71M | 25.98M | 23.11M | 17.35M |
| Other Amortization | 1.54M | 1.54M | 1.14M | 1.83M | 653.00K | 431.00K |
| Loss (Gain) From Sale of Assets | 30.00K | -2.69M | 2.79M | -13.90M | -15.33M | 2.30M |
| Loss (Gain) From Sale of Investments | -13.00K | 284.00K | 59.00K | 238.00K | 400.00K | -11.00K |
| Stock-Based Compensation | 5.75M | 4.48M | 753.00K | 882.00K | ||
| Provision & Write-off of Bad Debts | 674.00K | 305.00K | 2.19M | 2.56M | 30.00K | 30.00K |
| Other Operating Activities | -8.17M | -20.13M | -59.12M | 17.05M | 4.51M | -6.26M |
| Change in Accounts Receivable | -3.14M | -1.21M | -1.18M | 13.24M | -9.12M | -1.62M |
| Change in Inventory | -158.00K | 577.00K | -516.00K | 730.00K | -3.89M | -1.00M |
| Change in Accounts Payable | 10.48M | 12.74M | 4.69M | 7.61M | 4.50M | 10.87M |
| Change in Unearned Revenue | 11.71M | 9.46M | 45.79M | -4.16M | 40.31M | 32.94M |
| Change in Other Net Operating Assets | -738.00K | -4.66M | -12.16M | 3.45M | -5.58M | -5.90M |
| Operating Cash Flow | 18.92M | 6.69M | -10.93M | 8.66M | 45.64M | 57.21M |
| Capital Expenditures | -76.32M | -56.89M | -81.17M | -104.43M | -167.07M | -78.65M |
| Sale of Property, Plant & Equipment | 87.05M | 102.80M | 50.78M | 41.96M | 60.54M | 19.85M |
| Sale (Purchase) of Intangibles | 77.00K | -22.00K | -492.00K | -802.00K | -520.00K | -1.67M |
| Investment in Securities | 8.00K | 64.57M | 8.21M | 1.23M | -60.21M | -10.32M |
| Other Investing Activities | 15.20M | |||||
| Investing Cash Flow | 9.17M | 108.92M | -7.87M | -62.03M | -167.27M | -70.79M |
| Long-Term Debt Issued | 27.28M | 71.41M | 131.84M | 173.20M | 43.34M | |
| Long-Term Debt Repaid | -159.79M | -66.79M | -56.66M | -51.95M | -35.29M | |
| Net Debt Issued (Repaid) | -75.19M | -132.50M | 4.62M | 75.18M | 121.25M | 8.05M |
| Issuance of Common Stock | 26.54M | 5.80M | 8.14M | 10.34M | 2.76M | |
| Preferred Dividends Paid | -640.00K | -1.00M | ||||
| Common Dividends Paid | -33.66M | -9.04M | -13.05M | |||
| Dividends Paid | -640.00K | -1.00M | -33.66M | -9.04M | -13.05M | |
| Other Financing Activities | 25.42M | 9.75M | -14.13M | -7.84M | 1.13M | 23.45M |
| Financing Cash Flow | -29.67M | -117.96M | 38.87M | 41.81M | 123.67M | 21.21M |
| Net Cash Flow | -1.58M | -2.35M | 20.07M | -11.55M | 2.05M | 7.63M |
| Free Cash Flow | -57.41M | -50.20M | -92.10M | -95.76M | -121.44M | -21.43M |
| Free Cash Flow Margin | -14.21% | -13.36% | -28.14% | -30.37% | -37.94% | -10.29% |
| Free Cash Flow Per Share | -1.47 | -1.84 | -3.87 | -5.75 | ||
| Levered Free Cash Flow | -61.70M | -46.66M | -93.59M | -75.05M | -136.69M | |
| Unlevered Free Cash Flow | -47.62M | -33.29M | -80.35M | -61.16M | -131.51M | |
| Cash Interest Paid | 18.09M | 18.09M | 19.71M | 12.27M | 5.95M | 4.07M |
| Change in Working Capital | 18.16M | 16.90M | 36.63M | 20.87M | 26.22M | 35.28M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 107.19M | 85.31M | 57.33M | 93.09M | 280.41M | 273.38M |
| Enterprise Value | 322.71M | 687.17M | 475.37M | 421.18M | ||
| Last Close Price | 1.15 | 4.11 | 3.15 | 5.50 | 9.97 | 9.72 |
| PE Ratio | 46.36 | 33.81 | ||||
| Forward PE | 36.83 | 36.83 | ||||
| PS Ratio | 0.29 | 0.23 | 0.17 | 0.29 | 0.88 | 1.31 |
| PB Ratio | -1.01 | -4.91 | 2.63 | 5.91 | 5.50 | |
| P/TBV Ratio | 2.10 | |||||
| P/OCF Ratio | 6.21 | 12.76 | 10.74 | 6.14 | 4.78 | |
| EV/Sales Ratio | 0.82 | 1.83 | 1.45 | 1.34 | ||
| Debt / Equity Ratio | -2.76 | -2.89 | -27.04 | 8.85 | 6.34 | 3.46 |
| Debt / EBITDA Ratio | 38.35 | 12.47 | 6.77 | |||
| Net Debt / Equity Ratio | -2.59 | -2.54 | -18.71 | 6.50 | 4.38 | 2.83 |
| Net Debt / EBITDA Ratio | -16.23 | -8.12 | -4.02 | -9.10 | 19.23 | 9.60 |
| Net Debt / FCF Ratio | -3.75 | -4.26 | -2.37 | -2.40 | -1.71 | -6.56 |
| Asset Turnover | 0.92 | 0.77 | 0.62 | 0.62 | 0.80 | |
| Inventory Turnover | 51.62 | 59.60 | 53.74 | 47.97 | 65.06 | |
| Quick Ratio | 0.10 | 0.15 | 0.37 | 0.41 | 0.82 | 0.42 |
| Current Ratio | 0.23 | 0.28 | 0.49 | 0.53 | 0.95 | 0.51 |
| Return on Equity (ROE) | -858.02% | -132.30% | -8.55% | |||
| Return on Assets (ROA) | -5.02% | -6.38% | -9.44% | -6.31% | -1.92% | |
| Return on Capital Employed (ROCE) | -22.00% | -29.40% | -32.80% | -17.10% | -3.50% | -1.30% |
| Earnings Yield | -72.29% | -20.62% | -36.76% | -50.31% | 2.16% | 2.96% |
| FCF Yield | -48.90% | -58.84% | -160.66% | -102.87% | -43.31% | -7.84% |
| Payout Ratio | 149.42% | 161.44% | ||||
| Buyback Yield / Dilution | -39.70% | -14.40% | -43.02% |